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CA’s Q4 Earnings Beat View; Forecast In-Line (CA)

By Dividend.com May 11, 2012, 08:15:54 AM EDT

I.T. management software maker CA, Inc. ( CA ) late Thursday posted fiscal fourth quarter eanrings that beat Wall Street's view and provided an in-line 2013 outlook.

The Islandia, NY-based company reported fiscal fourth quarter net income of 56 cents per share. Revenue was $1.19 billion.

On average, Wall Street analysts expected a smaller profit of 52 cents per share, on matching revenue.

Looking ahead, the company forecast full-year 2013 earnings of $2.45 to $2.53 per share, on $4.85 billion to $4.95 billion in revenue. Analysts currently expect $2.50 per share on revenue of $5.01 billion.

CA shares closed slightly higher in Thursday trading.

The Bottom Line
Shares of CA, Inc. ( CA ) have a 3.79% dividend yield, based on last night's closing stock price of $26.41. The stock has technical support in the $23 price area. If the shares can firm up, we see overhead resistance around the $28-$31 price levels.

CA, Inc. ( CA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: CA



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